BCR Minimum Deposit is 500 AUD / R 5 517. This is high when compared to other broker minimum deposit fees, making it less accessible to beginner and smaller retail traders.
BCR at a Glance
| 🔎 Broker's Name | BCR |
| 📍 Headquartered | Sydney, Australia |
| 📅 Year Founded | 2008 |
| ⚖️ Regulating Authorities | Australian Securities and Investments Commission(ASIC) and BVI Financial Services Commission(BVIFSC) |
| 🌐 Countries not accepted for trade | The United States |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1: 400 |
| 💰 Minimum Deposit | 500 AUD/R5 517 |
| 💳 Deposit Options | Credit Card Debit Card Skrill Neteller UnionPay |
| 💳 Withdrawal Options | Internal transfer PayPal Local Deposits POLi Wire Transfer Withdrawal Options · Credit Card Debit Card Skrill Neteller UnionPay |
| 💻 Platform Types | MetaTrader 4 |
| 📱 OS Compatibility | Web, Android, iOS, desktop |
| 📈 Tradable assets offered | Over 35 currency pairs 2 crypto pairs 8 Indices Cash CFDs 5 Indices Futures 4 Metal Spot Over 30 Stock CFD 1 Metal Future 3 Energy Futures 3 Soft Futures |
| 👨💼 Languages supported on Website | English, Simplified Chinese, Traditional Chinese, Indonesian, Arabic, German, Japanese and Tha |
| 👥 Customer Support Languages | English, Simplified Chinese, Traditional Chinese, Indonesian, Arabic, German, Japanese and Tha |
| 📆 Customer Service Hours | 24/5 |
| 👉 Open a account | 👉 Click Here |
Overall Rating
4.4/5
Rated #253 of
Recommended FX Brokers
Minimum Deposit
500 AUD
Regulators
ASIC, BVI
📱 Trading Desk
MetaTrader 4
₿ Crypto
Yes
📈 Total Pairs
24
Islamic Account
Yes
Trading Fees
Low
🕒 Account Activation Time
24 Hours
Choose your quick section of our BCR Minimum Deposit below.
BCR Minimum Deposit – 8 key points quick overview:
BCR at a Glance- BCR Minimum Deposit – 8 key points quick overview:
- BCR Minimum Deposit
- BCR Deposit fees and deposit methods
- BCR Step by step guide to depositing the minimum amount
- BCR Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the BCR Minimum deposit as well as the pros and cons as well as features that are offered to traders.
BCR Minimum Deposit
The minimum deposit requirement with BCR is 500 AUD. This minimum deposit amount is equivalent to ZAR 5 470 at the current exchange rate between the Australian Dollar and the South African Rand at the time of writing.
BCR is a Contracts-for-Difference (CFD) broker that operates from Australia and is strictly authorized and regulated through the Australian Securities and Investments Commission (ASIC). In addition, it also operates from the British Virgin Islands and is regulated through the BVI Financial Services Commission (BVIFSC).
One of the requirements of regulated brokers, is that client funds be kept in segregated accounts. BCR complies with this and all client funds are kept separate from the broker account. It can only be used by traders to conduct trading activities and not by the broker.BCR’s vision is to provide its clients with the means to reach their financial objectives. They claim that their financial services provide the necessary tools to the more advanced as well as the beginner trader that just starts out.
BCR Deposit fees and deposit methods
The minimum deposit required by BCR when registering a live account is extremely competitive and relatively high when compared with other brokers.
BCR offers traders the following payment methods which can be used when making deposits:
| 💳Credit Card |
| 💳Debit Card |
| 💳Skrill |
| 💳Neteller |
| 💳UnionPay |
| 💳Internal transfer |
| 💳PayPal |
| 💳Local Deposits |
| 💳POLi |
| 💳Wire Transfer |
Deposit currencies that can be used are USD, GBP, EUR, and AUD.
All deposit fees are waived but traders must ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable.
These mostly depend on the payment method used as well as the amount which is deposited into the trading account.
BCR Step by step guide to depositing the minimum amount
Funding your account with BCR consists of the following steps:
Step 1 – Log into your Account.
Login to your account and select “Deposit”.
When depositing funds into the trading account with BCR, traders can do it from their own bank account by sending the funds to one of the brokers segregated client accounts.
Step 2 – Select the deposit method
Select the deposit method and fill in your transaction details and confirm your deposit.
Traders can also have a choice to deposit the minimum amount from their personal area after having registered a live trading account. The account must, however, first be approved before any deposit can be made.
Traders need to log into their personal area, select the option for deposits, and follow the instructions to make a deposit.
Traders should also ensure that they select the correct deposit currency before they make a deposit. If the currency is different from the base account currency, traders may be subjected to currency conversion fees.
Overall Rating
4.4/5
Rated #253 of
Recommended FX Brokers
Minimum Deposit
500 AUD
Regulators
ASIC, BVI
📱 Trading Desk
MetaTrader 4
₿ Crypto
Yes
📈 Total Pairs
24
Islamic Account
Yes
Trading Fees
Low
🕒 Account Activation Time
24 Hours
BCR Pros and Cons
| ✔️ Pros | ❌ Cons |
| MetaTrader 4 | Does not accept clients from the US |
| No deposit fees | High minimum deposit required |
| Regulated through ASIC and BVIFSC |
Conclusion
The BCR Minimum Deposit is 500 AUD. This is high when compared to other broker minimum deposit fees, making it less accessible to beginner and smaller retail traders.
You might also like: BCR Review
You might also like: BCR Account Types Overview
You might also like: BCR Demo Account – Step by Step
You might also like: BCR Fees and Spreads
You might also like: BCR Islamic Account Overview
You might also like: BCR Sign up Bonus
Frequently Asked Questions
What is the minimum deposit for BCR?
500 AUD.
How do I make a deposit and withdrawal with BCR?
- Credit Card
- Debit Card
- Skrill
- Neteller
- UnionPay
- Internal transfer
- PayPal
- Local Deposits
- POLi
- Wire Transfer
Does BCR charge withdrawal fees?
No. BCR does not charge withdrawal fees.
How long does it take to make a withdrawal?
This will depend on the payment method used. It can take between 30 minutes to a few working days
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